Better Q3: A file picture shows a mini tractor grabber collecting oil palm fruits at a plantation. IOI Corp says it expects the plantation segment to perform better than the recent second quarter in line with the relatively stronger palm oil price in the third quarter of the FY20
PETALING JAYA: IOI Corp Bhd
posted a 9.2% year-on-year (y-o-y) rise in its net profit to RM213.5mil for the second quarter ended Dec 31,2019.
The plantation company had also seen a corresponding y-o-y rise in its revenue of 4.26% to RM1.96bil from RM1.88bil in the same quarter a year ago.
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